Rafferty Asset Management LLC Buys 5,991 Shares of PTC Inc. (NASDAQ:PTC)

Rafferty Asset Management LLC increased its stake in shares of PTC Inc. (NASDAQ:PTCFree Report) by 19.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,132 shares of the technology company’s stock after purchasing an additional 5,991 shares during the quarter. Rafferty Asset Management LLC’s holdings in PTC were worth $6,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in shares of PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. Resources Management Corp CT ADV raised its holdings in PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the last quarter. Principal Securities Inc. bought a new position in PTC in the 4th quarter valued at approximately $46,000. Van ECK Associates Corp grew its holdings in PTC by 26.0% during the 4th quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock worth $92,000 after acquiring an additional 108 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in PTC during the 4th quarter worth approximately $124,000. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PTC. Mizuho reiterated a “neutral” rating and set a $190.00 price target (down previously from $200.00) on shares of PTC in a report on Tuesday. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Robert W. Baird increased their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Barclays lifted their price objective on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Citigroup decreased their target price on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.73.

Check Out Our Latest Report on PTC

Insider Activity

In related news, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the transaction, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other PTC news, COO Michael Ditullio sold 6,592 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the sale, the chief operating officer now owns 53,148 shares in the company, valued at approximately $9,734,056.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the transaction, the insider now directly owns 13,598 shares in the company, valued at $2,358,573.10. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by company insiders.

PTC Price Performance

PTC stock opened at $174.60 on Friday. The stock has a market capitalization of $20.90 billion, a price-to-earnings ratio of 73.05, a PEG ratio of 3.24 and a beta of 1.18. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day moving average price is $180.12 and its two-hundred day moving average price is $176.88.

PTC (NASDAQ:PTCGet Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. PTC had a net margin of 12.84% and a return on equity of 13.76%. The business had revenue of $603.07 million for the quarter, compared to analyst estimates of $575.53 million. On average, equities analysts predict that PTC Inc. will post 3.48 earnings per share for the current year.

About PTC

(Free Report)

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.

See Also

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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